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Re: Bitcoin reached 450$ today. share your views guys
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Lord King offers a novel alternative to the alchemy of banking
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@ Tuen Mun Town Hall – on a nice sunny afternoon
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How much privacy do you give up by using the website myTrezor.com to store your bitcoins?
Can the owners / webmaster of myTrezor.com see how many bitcoins you have? Your bitcoin addresses?
jerry
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The parent company of Swedish bitcoin mine operator KnCMiner has declared bankruptcy.
CoinDesk
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Update
Our multi-currency rotator has now 209 faucets
107 Bitcoin faucets
22 Dogecoin faucets (2+ doge only)
31 Litecoin faucets (10000 litoshi only)
10 Dashcoin faucets
12 Peercoin faucets
7 Primecoin faucets
3 Reddcoin faucets
17 Ethereum fau…
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The world’s first Bitcoin ATM in Vancouver
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At Saphan Taksin do not let yourself get suckered into paying THB 150 for the daily ticket… you can follow the orange signs (only in Thai) and enjoy tickets at THB 15!
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digital_world
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Microsoft to Develop Identity Platform for Multiple Blockchains
Tech giant Microsoft has partnered with startups Blockstack Labs and ConsenSys to build an open-source identity platform aimed at integrating the bitcoin and Ethereum blockch…
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ATHENS, May 31 (Reuters) – Greece and its international lenders are inching towards an accord over a set of extra measures demanded from Athens to qualify for vital rescue funds, officials with…
Looks interesting, but closed!
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many sports betting site now,and we already have our favorite,and directbet still unbeaten so far,i give 4 for directbet,and i think sport…
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Many have speculated that the recent increase in the price of bitcoin ($ 542 USD on Bitfinex at time of publication) can be traced to China, where Bitcoin trading has doubled on some exchanges in the last four days as Chinese investors respond to a recent currency devaluation, and look for ways to avoid the government’s stringent capital controls.
China’s economy has been flatlining for some time now. That and the strengthening U.S. dollar prompted the People’s Bank of China to devalue the yuan by 0.45 percent last Friday to its lowest level since February 2011.
New Interest in Bitcoin
Huobi and OKCoin, the two largest Chinese exchanges, that now account for some 92 percent of Bitcoin global trading by (self-reported) volume, both reported almost double the usual trading volume over the past weekend.
OKCoin’s Jack Liu, Chief Strategy Officer, confirmed the surge in trading volume and told Bitcoin Magazine:
“After two long years, Bitcoin’s price crossed back across the USD $ 500 mark led by OKCoin’s CNY exchange – the largest digital asset trading platform in the world. The price first reached $ 500 on May 28, and was followed later on by OKCoin’s USD exchange and other global platforms such as Coinbase”.
Huobi’s CEO Leon Li said that trading volume on their exchange has doubled in the last few days as investors look for a safe haven:
“We do think that China’s economic situation has certain influence to the price. Totally, RMB has been on the trend of depreciation for a long time, and the domestic stock market has been weak since last September. More and more Chinese investors and their hot money need a new investment market, and a convenient alternative investment like Bitcoin is easy to be accepted by the traders.”
Bobby Lee, CEO of BTCC exchange told Bitcoin Magazine:
“BTCC has seen very high trading volumes this past weekend. In fact, on our Pro Exchange, we saw record volumes on Friday, the highest ever since our launch last October. This recent rally was indeed led by the China market, which gives credit to the theory that people were predicting today’s yuan devaluation.”
Jack Liu believes that China’s economic situation is in for a long period of flat or stagnant growth.
“We believe with the Chinese economy is entering into a “L-shaped” recovery rather than a “U-shaped” one; the dearth of mainstream, prudent investment choices has made Bitcoin a relatively attractive choice.”
However Huobi’s Leon Li told us that he sees more than just these short-term economic factors in explaining the growing popularity of Bitcoin:
“The policy environment has been more and more tolerant worldwide, and blockchain technology has been acknowledged by academic and traditional financial institutions. Even People’s Bank of China (China’s central bank) is discussing blockchain. In the long term, when the price returns to rationality, it would vibrate by those fundamentals.”
Bitcoin Halving in July Seen as a Possible Cause of Price Increase
Both Jack Liu and Leon Li see the upcoming halving as a significant factor in the increase in the price of Bitcoin. Liu told us:
“This is especially in light of the fact that the Bitcoin supply will be halved in just over a month, adding to deflationary supply pressures and increasing the digital asset’s investment value in the short, and long term.”
Bitcoin Continuing a Steady Increase in Price and Market Capitalization
As noted in this recent Bitcoin Magazine article about the price of Bitcoin, the digital currency is showing a steady and almost methodical ascent, with moderate increases in both price and market capitalization.
It appears that China’s bad fortune is good for Bitcoin, although Jack Liu notes that economic uncertainty is not just limited to China. He told us:
“It was not a surprise to see the upturn. After all, the whole world is facing slower growth and low to negative interest rates, not just China. “
The post Bitcoin Price Soars as Chinese Investors Look for Safe Haven From Devaluation and Capital Controls appeared first on Bitcoin Magazine.
PayPal has decided to no longer offer their services in Turkey because the company could not get the necessary license from the local authorities. If even payment giants like PayPal are facing regulatory scrutiny, perhaps it is time for a change.
Also read: Cerber Ransomware Offered As-a-service By Internet Criminals
The news about PayPal no longer being available in Turkey took a lot of people by surprise. In fact, no one saw this decision coming, leaving a lot of business and enterprises wondering which online payment method they should use next. After all, PayPal is one of the most commonly accepted global payment methods in the world.
PayPal is a US-based company which is trying to set up local “chapters’ in every country where they serve customers. In Turkey, that has always been an uphill battle, as the company has repeatedly filed for the proper licensing. Turkish authority officials have stubbornly refused to grant this operation license to the enterprise, although they never gave a specific reason as to why not.
Similar to most other countries in the world, Turkey has an authority in charge of licensing and regulating banking and payments systems. The BDDK keeps tabs on both electronic and traditional platforms. Despite PayPal being available in Turkey for quite some time, these institutions have never seen eye-to-eye.
As a result of this decision, Turkish users will no longer be able to send or receive funds as of June 6, 2016. All of the account balances will need to be transferred to a linked bank account before that date. While this situation is very inconvenient for all parties involved, PayPal Turkey will continue their quest to get the license.
For those consumers and enterprises looking for a viable replacement, look no further than Bitcoin. This cryptocurrency is globally accepted, and can be converted to and from nearly every currency in the world. With far lower fees, and no central authority being able to shut down Bitcoin, it is by far the most superior solution for sending and receiving payments today.
What are your thoughts on this service no longer being available in Turkey? Will people flock to Bitcoin now? Let us know in the comments below!
Source: PP TR
Images courtesy of PayPal, Shutterstock
The post PayPal Halts Service In Turkey Over Licensing Issues appeared first on Bitcoinist.net.
Senator Manchin
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On Feb, 26th Sen Joe Manchin calls for the ban of crypto currency bitcoin.
Well that’s a stroke of luck – on the longevity bridge
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Mining Rig
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Brent and I assembling our mining rig with two ASUS Radeon R9 290s. Watch the time-lapse of the assembly vimeo.com/84810174
Anything I currently invest into bitcoin is what I can afford to lose, I probably wont ever invest anything more than that.
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_MG_4436
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Global Bitcoin Summit
www.WorldSustainability.Org
www.SustainabilitySymbol.com
www.
Where you spend?
Where you sell BTC ?
Where you buy BTC ?
I usually sell btc for paypal in localbitcoins.com,but know i`m gonna keep …
Bitcoin Forum
Bourses hold recent highs as traders relax over Fed hikes
Financial Times – Currency Markets News and Data
This is new… arrived a couple of weeks ago…
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People are negative about the value and that is bad because that is a kind of people that have not the patience for the Bitcoin and that is really bad for the Bitcoin itself so that have to change.
But of course you cant know what will happen later wit…
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Not sure that 2012 is really contemporary…
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Bitcoin accepted here – Veggie Galaxy Cambridge MA
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Nice.
Is it worth while to buy more now? Not sure man..
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Killing of young Congolese in Delhi sets back Modi’s attempts to forge closer ties
India News – latest India news headlines – FT.com
bitcoin_nocashday-63
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I use BitCoin for transactions every day. It's just as easy as swiping a debit card… Wait… It is a debit card.
Spending BitCoin is easy, just gotta get the cards.
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Cyber security group faces less demand for protection against hacking
Equities News from the Financial Markets – FT.com
Wine…
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Hay gosha@e-coin,
Why aren't you guys answering emails and your contact us form? Sent two messages over the last week and yet to hear anything back.
Is something broken?
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Bitcoin ATM Blockchain.info DSC_1271
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Using Blockchain.info’s Bitcoin web wallet on an iPhone to send money to a Expresscoin / Robocoin Bitcoin ATM. The ATM is at Locali in Venice, California.
My first Bitcoin, thx @sferik
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The best thing I like about bitcoin is that I can gamble with it, and my parents would never know that I am involved into gambling and if they come to know they will surely kill me.
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NEW DELHI (Reuters) – The Indian government on Monday said it was discussing Apple Inc’s foreign direct investment application that seeks a waiver from a local sourcing rule.
mini coins. as one does
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Absuletly bitcoin not gold…..
Gold is relatively stable and has had centuries to establish its relative value in the world.
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These are new (and quite funny) outside the new Holiday Inn on Sukhumvit…
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By my calculation, if I bet against the house, I get 400% return which is really too good but the odds are only 6.25% which is kind of… eh.
I don't know if this is true so please do clarify.
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Lamassu’s Bitcoin ATM on display.
Image by CoinDesk
The machine was kept busy at the conference.
any infos regarding this site? Their account here was last active a year ago and they don't accept registrations it's only allowed to paly if you already have an account there. But traffic seems to be decent for bitcoin poker site if the numbers are co…
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Gundam things in Times Square – I just do not get this
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Construction (for a change) on Des Voeux Road Central
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Tony Gallippi using Lamassu’s Bitcoin ATM.
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Zach Harvey of Lamassu demonstrates his Bitcoin ATM to Tony Gallippi of BitPay.
Devami icin simdilik birsey diyemem arkadasim. Henuz bende bilmiyorum sonraki alim ne zamana olur .banka kullanmadigim icin nakit odeme ile alacagim ve bu ilk alimim olacak .
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Kids will be kidz @ Khlong Toei
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I want my users to deposit btc funds into their accounts on my website, am exploring 2 ways to do it: